Question: Hendrix, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information about July's activities: On July

Hendrix, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information about July's activities:
On July 1:
Beginning inventories =750 units, 60% complete
Direct materials cost =$5,925
Conversion costs =$4,095
During July:
15,000 units started
Direct materials added =$150,000
Conversion costs added =$83,520
On July 31:
Ending inventories =1,500 units, 40% complete
Using the weighted average method, the cost of the goods completed and transferred out was
a) $225,150
b) $225,060
c) $213,300
d) $213,000
 Hendrix, Inc. employs a process costing system. Direct materials are added

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!